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<br /> � �. TO[iE1'�lER WITH all�t�e improvemena now or ber�esfter erected on the propartY.�nd W eacement�,appurteiw�ces. � `- ��___ .
<br /> —=r-- �nd Baturd now a here�Rer a p�rt of the property. All repl�cemenu and addition��hNll ala be covered by lhis Sa�uity
<br /> - ',,�• In�wmen4 All of�he fore�oin�is r+efert+ed to in thls Security Insdument e�the"Pm�erty" � ---__---�-.--
<br /> p�r�±_yc x° HORROWER COVENAIV7'S ttwt Borrower i�Iswfully�ei�ed of the esute hereby conveyed�nd hw�the right to annt
<br /> � • uid convay th�Property pnd th�t tho ProPcrtY Is unencumbered.eacept for encumbrances of tecord. Bortowu ww�uiU and
<br /> � • .��u- wW defend Qenerally the dde to the PraPe�'i'�3oinit tll cl�lm��nd demnnda.�ubject ta Any encumbnuicea of record.
<br /> - �=-•��• THIS 3EClJItITY INSTRUMPNT combines uniform coven�nts tar nationel use and non•uniform covenanu witb
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<br /> liadted vwiuion�by judcdiction to con:tftute a uniform security incwment cpverina real propeity
<br /> . '� ,c�:� UNIFORM COVENANTS. Bmrower nnd Lender coven�nt�nd�grc.e as followa:
<br /> -_ �:•;����� �`�'�,� 1. Payment of P�incipwl and lntuati P�W9�pt and Late Ch�rQa. Borrow�r shall promptly pny whai due tho
<br /> ���`':�`,��.,� princi of and intenest on tha debt evldenced by the Note and any prepayment and I�te chsrga due u�der the Note.
<br /> •��0.�,`'''. `.`. . � Ihnd�tor 7yuces aod lasurance. 5ubjxt w applicable law or to 4 wrltten waiver by Lender.Borrower sh�ll pay to
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<br /> . . ,. I.ender on the d�y monthly ppyments are due under the Nou,undl the Note ic paid in full.A sum("Funda")for.(4)yeatiy
<br /> "�'��"" _�„�. . t a u e s�n d a s s e s s m e n t s w h i c h m a�•a t t a i n p r i o r iry o v e r t h i s S e c u r i t y I n s d u m e n t a s Q l ien on the Pro p en y:(b)Year1 Y leacehold � _
<br /> � - paymente or ground rents on the Propeity. if any: (c)yearly hazard or property insurance prcmiums; (d) yearly flood
<br /> L��.r ..� insurance prcmiums, U ar�y; (e) yearly mortange insurance premiums, if any; and (� any sums payabk by Borrower to -
<br /> ��,�;� Lender�in�ccordance with the provfsions of panigraph 8.in lieu of the p ayment of mortgage insurance premiums. These _
<br /> -----__�.. `�'. itema are c�ltod"Escrow Items. Lender may.ac any time.collect an d h o l d H mds in an amount not to exceed the mauimum
<br /> �'`�"-.,;: "'�`.``.°•' amount a lender for a federally related mortgwge loan may requi� for Borrower's escrow accnunl uuder the federal Eical �
<br /> ..-�"6�^'� `��` ° Esuto Settkment Proceduns Act of 1974 As amended from time to time. 12 U.S.C.$2601 et seq.C�RESPA"),unless another -
<br /> '���__:�: . .. .. law thpt applies to the Funds sets a lesser amoun� If so.L.ender ma �u any dme.collett and hold Funds in an amount not to
<br /> �--�' �-��� . � "" exceed the lesser amoun� L.ender may esdmate the amount of Funds due on the basis of current data and reasonable �•��r`"�
<br /> `-`i;� • � � estimates of eapaidiwtes of future E�row lteme or otherwise in accordwnce wlth applicable law. �-���--•'
<br /> �`'' �6, . The Punds stwll be held in sm insdtution whose deposits are insured by a federal agency.instrumentality.or endty �
<br /> ��a d (including Lender.if I.,ender is such an institudon)or in any Federal Home Loan Bank. Lender shall apply the Funds to psry • ,--
<br /> ,����' . ',� `�, �: � the Escrow Items. l.ender may not c harge B orrower f�r ho l d i ng an d a p p l y i n g t h e F u nds,annuall y anel y z in g the escrow
<br /> "":'��'�;�"` � account, or verlfying the Fscrow Items, unless L.ender pays Borrower interest on the Funds and applicable law permjts
<br /> •`�r� .5� • I.ender to malce such a cherge. However,L.ender mey rcyulre Borrower to pAy a one-time charge for an indepaident�eal
<br />'.'�,." ..' �,p•�. �, e,stete tex�eporting sarvice used by Lender in connecdo�with this loan,unless applicable law provldes otherwise. Unless an
<br /> � , agreement lc mode or appl➢cable Iaw requires interost to be paid.Lender shall not bc roquircd to pay Borrower any intenst or
<br /> .'� • eamings on the Punds. Horrowcr and Lander may agree in writing.however,that intcrest shall be paid on the Funds. Lendet
<br /> c�:��'� � sholl givc to Horrower.wlthout charge�an annual accounting of the Fbnds,showing credits end debits to the Funds and tho
<br /> � - �:, purpose for which eACh debit to the FLnds was made. The l�nds are pled�ed ns additlo�wl�ecurity for aU sums secw�ed by
<br />- •., . -• ., shis Ssxusity Is�strumtnt. �°""-"'°'
<br />:" � � If the Funds held by Lender exceed the amounts pennitted to be held by applicable law, Lender shall account to _ _
<br /> � � � Bmrower for�he excess Funds in accordence with the rcquirements of applicabk law. if the amount of the Funds held by
<br /> '' , Lender at ony dme is not cuft�cient ta pay the Escrow Items when due. Lender may so notify Borrower in w�iting.and,in �
<br /> such case Botrower shall pay to I.ender the amount neceasary to make up the deficiency. Horrower shaU make up the �
<br /> , �=_ deficiency in no more then twelve monthly payments.at Lender�sale discretion.
<br /> Upon payment ln full of all sums secured by this Securiry Inswment.Lender shall prompdy refund to Bmrower eny �P;.���::"�
<br /> FLads held by Lender. If,undcr paragraph 2l, Lendcr shall acquire or sell the Properry.Lender,pnor to the ecquisition or . '.
<br /> ;�:'� sale of the Property, shall apply any Funds held by Lender at Ihe time of acquisition ur sale as a credit agAinsc the cam� ;;,�,....
<br /> .° secured by this Security Instrument.
<br /> �" � 3. Applkatbn of Payments, Unless applicabl•, law provides aherwise, all payments received by Lender under '"'
<br /> " ' paragraph:I and 2 ahall be appUed:first,to any prcpayment charges due under the Note:second,to amounts payable under �, _._
<br /> - , paragcaph 2;third,to in�erest due:fourth,to princlpal due;and last,to eny late chazges due under the Nota k�.�..�.
<br /> . � 4. ChArQes; Liens. Borrower shall pay all taxes, assessments. charges, fines and impositions attributable to the ,,�
<br /> property which may attain prioriry over this Security inswment,and leasehold payments or ground rcnts,if any. Borrower r�,,. „�.
<br /> . �� shall pay these obliga[ions in ttie manner provided in parngraph 2,or if not paid in that manner,Borrower shall pay them on �''•�'�--.::..
<br /> ` ` ' . • time directly to the person owed payment. Horrower shall promptly fumish[o Lender all notfces of amounts to be paid under f •
<br /> •�">rs . ' this puagraph. If Borrower mokes�hese payments directly,Bonower shall promptly fumish to Lender receipts evidenciag ;�,�.-,�,.,�.,,..,.;
<br /> _ , �'. � '. . the payments.
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<br /> • Borrowershali pmmptly discharge any lien which has priodty over this Security Instrument unless BoTrower.(a)agrees �,{���;w
<br /> � .� in writfng to the pay►nent of the abligation secured by the lien in u menner acceptable to Lender,(b)contests in good faith the ��=�� �;;.
<br /> . � ., ., lkn by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to prcvent the � � :«4�.
<br /> . enforcement of the lien;or(c)secures from�he holder of the lien an agreement satistactory�to Lender subordinating the lien t• -•�� -
<br /> _ � to this Securiry Inswment. If Lender determines that any part of the Properry is subject to a lien which may anein priority � ,,:z.
<br /> � � over this Security Instcument,Lender may give}3orrower n notice identifying the lien. Bonower sh�ll satisfy the lien or talce �.. .�.�;� ,
<br /> � � �. one ar more of the actions set fonh above within 10 duys of the giving of notice. '��`�'°�~j:;r-�
<br /> S. Hazard or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br /> •• prope�ry insured against loss by fire,hazards included within the term"extended coverAge"und uny other hazards,including .
<br /> tloods or flooding, for which Lender requires insurance. This insurance shall be maintained in the amounts and for the
<br /> ,. . Form 302:' 9.'90 f/wR�=�I6l�Rrs�
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